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328-30 9th St 330 9th St 3 Unit Apartment Building $2,600,000 ($866,667/Unit) 3.42% Cap Rate Del Mar, CA 92014
Investment Highlights
- Located in one of San Diego’s most sought-after beach communities.
- Nearby dining, boutiques, and Del Mar Plaza.
- Cozy fireplace
- Rental income opportunities
- Vaulted ceilings
Executive Summary
*Please do not disturb tenants or trespass!*
Just blocks from the sand and the charm of Old Del Mar Village, 328-30 9th Street combines coastal proximity with versatile living. Set on a generous lot with a private yard and garage, this property offers comfort, functionality, and investment appeal in one of San Diego’s most sought-after beach communities. With strong in-place income and long-term upside, this is also an excellent opportunity for 1031 exchange buyers seeking a well-located asset in a premier Class A coastal neighborhood.
The property includes three distinct units: a front unit with 3 bedrooms and 1 full bath, a back unit with 2 bedrooms and 1 full bath, and a studio unit with its own bath. This versatile layout suits a range of uses, from multi-generational living to rental income opportunities. The front and back units are currently tenant occupied through 1/31/2027, with the front unit leased at $4,350 per month and the back unit at $3,750 per month. The studio unit is currently vacant and offers additional flexibility for an owner occupant, midterm rental, or immediate lease opportunity, with projected market rent of approximately $2,500 per month.
Vaulted beam ceilings, a cozy fireplace, and abundant natural light add warmth and character, while outdoor spaces invite morning coffee, weekend gardening, or evening strolls to nearby dining, boutiques, and Del Mar Plaza. With Torrey Pines State Beach and Torrey Pines State Natural Reserve just minutes away, this is a rare chance to own a well-located property with both lifestyle and investment potential.
Just blocks from the sand and the charm of Old Del Mar Village, 328-30 9th Street combines coastal proximity with versatile living. Set on a generous lot with a private yard and garage, this property offers comfort, functionality, and investment appeal in one of San Diego’s most sought-after beach communities. With strong in-place income and long-term upside, this is also an excellent opportunity for 1031 exchange buyers seeking a well-located asset in a premier Class A coastal neighborhood.
The property includes three distinct units: a front unit with 3 bedrooms and 1 full bath, a back unit with 2 bedrooms and 1 full bath, and a studio unit with its own bath. This versatile layout suits a range of uses, from multi-generational living to rental income opportunities. The front and back units are currently tenant occupied through 1/31/2027, with the front unit leased at $4,350 per month and the back unit at $3,750 per month. The studio unit is currently vacant and offers additional flexibility for an owner occupant, midterm rental, or immediate lease opportunity, with projected market rent of approximately $2,500 per month.
Vaulted beam ceilings, a cozy fireplace, and abundant natural light add warmth and character, while outdoor spaces invite morning coffee, weekend gardening, or evening strolls to nearby dining, boutiques, and Del Mar Plaza. With Torrey Pines State Beach and Torrey Pines State Natural Reserve just minutes away, this is a rare chance to own a well-located property with both lifestyle and investment potential.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts In Escrow
| Price | $2,600,000 | Property Subtype | Apartment |
| Price Per Unit | $866,667 | Apartment Style | Townhome |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 3.42% | Lot Size | 0.20 AC |
| Gross Rent Multiplier | 20.4 | Building Size | 2,656 SF |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2000 |
| Zoning | RMC | ||
| Price | $2,600,000 |
| Price Per Unit | $866,667 |
| Sale Type | Investment |
| Cap Rate | 3.42% |
| Gross Rent Multiplier | 20.4 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.20 AC |
| Building Size | 2,656 SF |
| No. Stories | 1 |
| Year Built | 2000 |
| Zoning | RMC |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | $4,350 | 1,302 |
| 1+1 | 1 | $2,500 | 380 |
| 2+1 | 1 | $3,750 | 974 |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 300-221-22 | Improvements Assessment | $81,300 |
| Land Assessment | $38,320 | Total Assessment | $119,620 |
Property Taxes
Parcel Number
300-221-22
Land Assessment
$38,320
Improvements Assessment
$81,300
Total Assessment
$119,620
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328-30 9th St | 330 9th St